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Government to plan selling 51 per cent stake in Air India…!

Air India

According to Bloomerg Market , India is considering selling a majority stake in Air India to a strategic partner after a $3.6 billion bailout failed to turn around the loss making national carrier, people with knowledge of the matter said.

The proposal includes reviving Air India within five years of selling a 51 percent stake, the people said, asking not to be identified as the information isn’t public. Talks are at an initial stage and presentations have been made to the finance ministry and the prime minister’s office, they added.

The government isn’t planning to sell 51 percent stake in the carrier, Civil Aviation Secretary R.N. Choubey said in New Delhi. D.S. Malik, a spokesman at the Ministry of Finance declined to comment. Neither did Dhananjay Kumar, Air India’s spokesman.

Prime Minister Narendra Modi’s administration will have to tackle the airline’s about $7 billion of debt to make Air India attractive to investors, according to Mark Martin, founder of Dubai-based Martin Consulting LLC. In comparison, Deutsche Lufthansa AG has less debt while its revenue is about 11 times that of the Indian carrier. Air India has been unprofitable for a decade with taxpayers bailing it out in the past six years.

“It’s a welcome step but premature,” said Martin. “The government should first set its house in order by amortizing and restructuring the debt before it tries to find someone who will buy 51 percent.”

India’s finance ministry wants the plan to be discussed in detail to avoid a situation where there are no buyers after the offer is announced, the people said.

The carrier’s share in the local market has shrunk to 14 percent from 35 percent a decade back, placing it third in the national ranking. The company made an operating profit of about 1 billion rupees ($15 million) in the year through March 2016, aided by a drop in oil prices. It still posted a net loss of 38.4 billion rupees, according to the government.

He is an aviation journalist and the founder of Jetline Marvel. Dawal gained a comprehensive understanding of the commercial aviation industry.  He has worked in a range of roles for more than 9 years in the aviation and aerospace industry. He has written more than 1700 articles in the aerospace industry. When he was 19 years old, he received a national award for his general innovations and holds the patent. He completed two postgraduate degrees simultaneously, one in Aerospace and the other in Management. Additionally, he authored nearly six textbooks on aviation and aerospace tailored for students in various educational institutions. jetlinem4(at)gmail.com

Australia

The QANTAS is selling 1,000 fully Stocked carts taken from Boeing 747

The QANTAS is selling 1,000 fully Stocked carts taken from Boeing 747: Qantas is opening its memorabilia storage shed to the Australian public, offering 1000 Qantas 747 galley carts stocked with a range of items from champagne and Australian red and white wine to Tim Tams, PJs and an exclusive-to-Qantas First Class Sheridan throw.

The bar carts were removed from the airline’s recently retired and much-loved 747 aircraft before they were flown to the Californian desert.

Qantas operated various incarnations of the 747 “Queen of the Skies” for almost 50 years before retiring the jumbo jet six months early as part of its response to the COVID-19 crisis. The farewell of the last Qantas 747 in July inspired an outpouring of affection and nostalgia from the Australian public.

Qantas Executive Manager of Product and Service, Phil Capps, said the airline wanted to offer up a unique opportunity for enthusiasts to own a physical piece of the 747 legacy, particularly at a time when travel was out of reach for many.

Read More: Qantas Orders more Dreamliners, sets date to farewell Jumbos.

“These pre-loved carts served Qantas and our customers well during their world travels from London and Los Angeles to Singapore and Santiago, with each one averaging around 2,000 flights. While we no longer have use for them, they still have life in them, especially for those with an appreciation for aviation collectables and an eye for design.

“There has been huge demand for Qantas 747 memorabilia and Frequent Flyers have expressed keen interest to convert the bespoke inflight trolley into everything from lamp stands to storage units. The fact they come fully stocked with some of Qantas’ most popular on-board service items will hopefully inspire some high-flying fun at home.”

Mr Capps added, “We know people have been ordering Qantas Wine to enjoy at home and our Qantas ‘iso care kits’ featuring the PJs sold out within hours.  The bar carts offer the trifecta of wine, PJs and a piece of aviation history.”

Read more: British airways says goodbye first last 747 jumbo jets

The 747 half bar cart features:

  • A Qantas 747 half bar cart
  • 40 mini bottles white wine and 40 mini bottles of red wine & 1 bottle of Champagne from the Business class cellar
  • 2 Qantas Business Class amenity kit featuring ASPAR Travel Essentials
  • 1 Sheridan throw made exclusively for Qantas First Class made of 100% combed cotton
  • 2 Qantas Business Class sleeper suits M/L & L/XL (suitable for most shapes and sizes)

Half bar carts will cost $974.70 including delivery (or 169,000 Qantas Points). A small number of full size carts will be available with double the items for $1474.70 including delivery (or 256,000 Qantas Points). Delivery to metro locations in Sydney, Brisbane, Melbourne, Adelaide and Perth only.

The Qantas 747 carts will be on sale today via https://wine.qantas.com/

Watch our youtube video on Qantas selling its stock.

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Aviation

A new ‘standing up seat’ could be the future of air travel

A new ‘standing up seat’ could be the future of air travel

PASSENGERS, brace yourselves. This image shows what one company wants to do to economy class on flights, and it appears to be rather painful.

You know that annoying game of elbow wars you’re already quite used to playing with your seatmare? Well that will pale in comparison to what’s planned for you.

And that tiny bit of space they call legroom these days that you’ve long complained about? Well, say goodbye.

The Skyrider 2.0 is an innovative seat, it allows an ultra-high density in the aircraft cabin. Skyrider 2.0 opens the travelling experience to a wider passenger market, creating also a useful space for the introduction mixed classes boarded on the same aircraft.

https://twitter.com/EconomyBeyond/status/983993811620818945/photo/1

Its main feature is the original bottom that ensures an increased upright passenger positon allowing installation of the seat at a reduced pitch, while maintaining an adequate comfort.

https://twitter.com/thatjohn/status/983753678237716481/photo/1

The design of this seat enables to increase the passenger number by 20% allowing increasing profits for airline companies. Furthermore, Skyrider 2.0 weighs 50% less than standard economy class seats and the reduced number of components enable minimum maintenance costs.
In conclusion, Skyrider 2.0 is the new frontier of low cost tickets and offering a possibility to fly to whom today cannot afford it

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Aerospace

Boeing, Primera Air Announce Order for Up to 20 737 MAX 9s

Boeing, Primera Air

SEATTLE, May 11, 2017 /PRNewswire/ — Boeing [NYSE: BA] and Primera Air today announced an order for eight 737 MAX 9 airplanes, valued at more than $950 million at list prices. The agreement also includes purchase rights for four additional 737 MAX 9s and a lease agreement for eight more airplanes from Air Lease Corporation.

The 737 MAX 9 will form the backbone of the low-cost airline’s future as it seeks to commence flights between Europe and North America. Primera Air plans to use the MAX 9’s auxiliary fuel tanks to lower trip costs and maximize the range to accommodate flights connecting Europe to the east coast of the U.S.

“The 737 MAX 9 will allow Primera Air to open up nonstop, long-haul routes from Europe to the U.S. with unmatched economics,” said Andri M. Ingolfsson, President, Primera Air. “This aircraft has a lower per-seat cost than the current wide body aircraft servicing the transatlantic and the capabilities of this aircraft type will change the economics of the industry. This will open up fantastic possibilities for growth for Primera Air in the future.”

“Primera Air’s commitment is a major endorsement of the 737 MAX 9 and its ability to serve new transatlantic markets,” said Monty Oliver, vice president, European Sales, Boeing Commercial Airplanes. “The MAX 9 will provide Primera Air unmatched efficiency, range, reliability and operating costs, while continuing to provide a premium on-board experience for its passengers.”

Primera Air is an all-Boeing carrier currently operating a fleet of nine Next-Generation 737-700s and 737-800s with flights to more than 70 airports in Europe. Primera Air is part of the Primera Travel Group that operates travel agencies and tour operating companies in Sweden, Denmark, Norway, Finland, Iceland and Estonia.

The 737 MAX family has been designed to offer customers exceptional performance, flexibility and efficiency, with lower per-seat costs and an extended range that will open up new destinations in the single-aisle market. The MAX 8 and 9 will be followed in 2019 by the smaller MAX 7 and higher capacity MAX 200, while studies and customer discussions continue on further growing the family.

The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.

The 737 MAX is the fastest-selling airplane in Boeing history, accumulating more than 3,700 orders from 87 customers worldwide

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